Monex Group to Launch Discretionary Asset Management Service

Monex Group, a Japanese financial services giant, will be offering a discretionary investment asset management service “MSV COMPASS” from early spring next year, through its subsidiary Monex-Saison-Vanguard Investment Partners, Inc.

The investment management service is targeted towards the firm’s wealthy clients and will combine robot and human support. According to the statement released this Tuesday, MSV COMPASS will be offered through partners of the company, with Akatsuki Securities, Inc. being the first to offer the service.

The minimum investment amount when using MSV COMPASS is ¥100,000 ($884), with accumulation and withdrawals available from ¥10,000. Overall, Monex-Saison-Vanguard Investment Partners expects the annual cost of assets under management to be around 1.525 percent, excluding tax.

For the service, the company will perform all aspects of asset management, such as selecting the products and stocks to invest in. Users of the product will be able to keep up to date with their investments by checking their operational status, periodic reports and also make their own changes through a personal “MyPage.”

Monex Group is Capitalizing on increasing demand in Japan

In Japan, as of the end of June 2018, the balance of discretionary investment asset management services exceeded ¥8 trillion, an increase of 20 percent when compared to the same time period last year, the Japan Investment Advisers Association found.

This is one of the key drivers for Monex-Saison-Vanguard Investment Partners to launch the new discretionary investment service, the statement implied. The ultimate investment target for MSV COMPASS, as highlighted by the company, is to achieve global diversification investments via exchange-traded funds (ETFs).

Furthermore, among wealthy investors, the use of face-to-face services has expanded in the country. On the other hand, the robo-advisory services, which Monex Group offers across a range of its services, has been growing in popularity among younger users. This is why MSV COMPASS offers a combination of the two.

“Together with financial institution partners, we will keep responding to the diversified asset management needs; from the needs of the customers who invest for the first time to those of the customers who want stable asset management of big money to provide for old age,” the statement said.